Treasure Magazine

Treasure Magazine

PIA officially announces VSS for its employees

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All regular employees under the age of 58 years as on November 30, 2020 are eligible to participate in VSS, says spokesman

KARACHI: Pakistan International Airline (PIA) has announced the ‘Voluntary Separation Scheme’ (VSS) for its employees, the option to apply will end on 22 December, said PIA spokesman said on Monday.

The VSS package has been made for employees in two categories that is over 18 years of service and below 18 years of service. The package compensation includes accumulated leaves, gratuity, provident fund, lump sum medical and pension up to the age of 65 years. Different basic pay formula has been devised as per salary break-up and service years of employees including pilots and engineers. 

Interested Employees will apply for VSS by submitting the VSS application form given separately along-with signed VSS package report to the concerned VSS coordinators, assigned at facilitation desks established at each station. Last date of submission of application is 22nd December, 2020. 

All regular employees under the age of 58 years as on 30 November 2020 are eligible to participate in the VSS. Non eligible employees include non-regular and or contractual employees, employees, who have already submitted resignation, employees who have already opted for early retirements, employees under any litigation against PIACL, until they undertake and withdraw the litigation latest by December 31, 2020.

The last working day of the VSS accepted employees shall be 31 December 2020 whereas the expected date of receiving pay out cheque shall be on or before January 31, 2021, PIA spokesman concluded.